U.S. stock index futures hit record highs on Monday as the so-called “Trump trade,” which sent stocks to record highs last week, looked set to pick up speed after a brief lull.

Wall Street’s three main stock indexes closed at record highs on Thursday and Friday as optimism about the economy rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The Toronto Stock Exchange’s S&P/TSX composite index powered to a record high on Friday propelled by higher oil prices, while an unexpected surge in domestic job growth also suggested a brighter economic outlook.

The S&P 500 has surged 8.3 per cent since Trump’s Nov. 8 election, fuelled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. The rally had stalled amid concerns over Trump’s protectionist stance and lack of clarity on policy reforms. Investors are now closely watching as the businessman-turned-politician lays out the finer details of his agenda to boost economic growth.

Investors were also comforted by the two-day U.S.-Japan summit held over the weekend apparently having ended smoothly without President Donald Trump talking tough on trade, currency and security issues.

Canadian Prime Minister Justin Trudeau and President Donald Trump will meet today in the Oval Office, and then will be joined by other top officials for a broader meeting about Canada-U.S. relations.

Restaurant Brands International Inc , the owner of Burger King and Tim Hortons, reported a quarterly profit that more than doubled from a year ago, when it recorded a one-time charge related to the merger of the two brands.

Oil prices, which helped the markets break records last week, were down about 0.3 per cent, cutting their losses after OPEC data showed a 93 per cent compliance on its output cut deal. Energy stocks could continue to be in focus through the week as a host of small-cap energy companies are due to report results.

Copper hit its highest since May 2015, extending the previous session’s near-5 per cent surge after shipments were disrupted from the world’s two biggest copper mines.

Corporate reports in general are likely to remain in focus for the day, given the absence of key economic data and no scheduled appearances by Federal Reserve speakers.

Caterpillar was up 0.8 per cent at $97.14 after Evercore ISI raised its rating on the stock, a trader said.

Macy’s rose 2.4 per cent after Barron’s said on Sunday that the department store chain operator could see its shares rise by 50 per cent in a potential sale.